During 2019, Vasu wants to take advantage of the annual exclusion and make gifts to his 6

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During 2019, Vasu wants to take advantage of the annual exclusion and make gifts to his 6 married children (including their spouses) and his 12 minor grandchildren.

a. How much property can Vasu give away in 2019 without creating a taxable gift?

b. How does your answer change if Vasu’s wife, Coleen, elects to join in making the gifts?

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South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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Question Posted: Sep 19, 2019 01:28 PM

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During 2019, Vasu wants to take advantage of the annual exclusion and make gifts to his 6

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South-Western Federal Taxation 2020 Comprehensive

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